Introduction to Accounting

label Accounting
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Q37:When the Withdrawals account is closed.

a. Owner's Capital will be debited.

b. Income Summary will be debited

c. Income Summary will be credited

d. None of the above

Mar 1st, 2015

A.Owner's Capital will be debited

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Mar 1st, 2015

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